Industry

Minister of State for petroleum Resources, Mr. Timipre Sylva, said that Nigeria has recorded its first investment in hydro-skimming modular refinery. The pioneer investment in the Azikel Refinery located in Yenagoa, Bayelsa State is…
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The Minister of State for Petroleum Resources, Chief Timpre Sylva has said that the National Assembly (NASS) may have to suspend its 2020 annual recess in order to fast track the passage of the Petroleum Industry Bill (PIB) which he said…
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With many oil and gas companies struggling to stay afloat amid the current market situation, exploration activity in the country has suffered a decline as the number of active rigs fell by 33.33 per cent in July. Data obtained by our…
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Nigeria’s oil ministry will present a long-awaited oil and gas reform bill to the president in the coming days aimed at boosting output and attracting foreign investment, three sources close to the negotiations told Reuters. The…
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The Former Managing Director of Niger Delta Power Holding Company (NDPHC), James Olotu has said the three power plants along  Ajaokuta , Kaduna and Kano( AKK) with over 1300mw capacity, have  promises of efficient gas utilisation and power…
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The Society of Petroleum Engineers (SPE), Nigeria Council, on Tuesday said the passage of the Petroleum Industry (PIB) bill would boost investors’ confidence in the Nigeria’s oil and gas sector. Mr Joseph Nwakwue, Chairman, SPE Nigeria,…
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The Nigeria National Petroleum Corporation (NNPC), has said that it has gained traction and reduced it’s JVC cash call debt from $5 billion in 2015 to $3 billion in five years.This NNPC attributed to the efficient business plan put in…
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The Federal Government has re-introduced a revised version of the Petroleum Industry Bill (PIB) which lawmakers are expected to pass into law before the end of the year, but unlike in previous versions, the input of oil sector operators…
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*As NNPC to employ private company security outfit on pipelines Private companies are currently bidding to operate the country’s four refineries on behalf of the Nigerian National Petroleum Corporation, NNPC, SweetcrudeReports has…
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President Muhammadu Buhari today commissioned the 10MW power plant built by Eni Companies in Nigeria and its partners, in Yenagoa, Bayelsa State, alongside a 17-storey building headquarters of the Nigerian Content Development Board, NCDMB.…
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